Gold tests $4,100 as US Dollar and yields rise ahead of FOMC Minutes - FXStreet
Gold tests $4,100 as US Dollar and yields rise ahead of FOMC Minutes - FXStreet
Source: FXStreet
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DW NOTE
The 10-year is at 5.31% and gold is trading $1,200 below its January peak. Rising yields and a strengthening dollar don't send gold to $4,100 — they send it lower. What's holding it there is the same thing that's been holding it there for eight months: the Strait is still closed and the Fed hasn't cut rates.